Toledo expected to meet tax revenue projection

TOLEDO, OH (Toledo News Now) – This year continues to be
a year of growth for the City of Toledo as a new report shows city tax
collections continue to rise.

Through November, the city collected $130.4 million in taxes,
$4 million more than 2011 – a 3.1 percent increase. That includes taxes on
business net profits totaling $16.7 million, 17 percent higher than 2011.

Toledo Finance Director Patrick McLean said it's a sign
the local economy is improving, and he expects the city to meet the 2012 tax
revenue projection of $158.4 million.

"Bottom line is we're up more than 3 percent," McLean
said. "[That's] a little less than we were a month ago, but still a healthy,
solid growth figure."

McLean said the city expenses are staying within the pace
of revenues, and he anticipates the city finishing the year with a modest
surplus.

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A 24-year-old man was arrested after he allegedly confessed to intentionally ramming a police vehicle with his car. He told police he did it because he wanted to be arrested.More >>